Executive Transactions

Second Bundesliga club Arminia Bielefeld "has elected long time board member" HANS-JÜRGEN LAUFER as its new president at its extraordinary membership meeting. Laufer, who received 217 yes votes with five abstentions, said, "That's a bombastic majority, I'm speechless." The 64-year-old businessman succeeds JÖRGZILLIES "who resigned in mid-July due to personal reason" (SPIEGEL ONLINE, 8/22).